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25 JAN 17 | NZDUSD TRADE SETUP

Hello fellow traders and community members,
There is a high probability for the NZDUSD to find resistance near .7300 area as this is the confluence of the two trendlines.
NZDUSD DAILY CHART

The idea is to wait for the price action on the daily chart and see a bearish engulfing or the bearish pinbar to place the trade.
Happy trading to all.
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18 JAN 2017 | NZDUSD SELL SETUP FORMING

Hello fellow community members,
Today we have pulled NZDUSD chart with the daily time frame. The pair looks like approaching the confluence of the well-established resistance lines. Here we may see sellers jumping in to push the pair back to the lows at .6840 levels.
NZDUSD DAILY CHART
As the stochastics is already overbought and RSI is also almost overbought, So the behavior of the pair near confluence will decide if We will enter the shorts or not.
Any comments about the setup are welcome.
Ha…
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12 DEC 16 | NZDUSD | BUY SETUP

Hello fellow traders,
NZDUSD is in the downtrend on the weekly chart and in the uptrend on daily chart and we can buy it for short term.
WEEKLY CHART NZDUSD
DAILY CHART NZDUSD
4H CHART NZDUSD
Look for the buy signal in 4H chart and buy with stop loss below rising trendline and take profit near horizontal line.Any suggestions about the setup are welcome
Happy Trading to all.
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NZDUSD on 1 FEB 16

Hello fellow traders,
NZDUSD seems to have stuck between the two trendlines of the symmetrical triangle being formed on a weekly chart.
WEEKLY CHART NZDUSD
Zooming into the Daily chart we can see that the price has a bearish momentum and is capped by a horizontal resistance line to the upside.
DAILY CHART NZDUSD
My price target is .7000 levels.
Happy trading to all.
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UPDATE-3

The price has again touched and got rejected from our level of .72229. But now I am concerned about the level as if a level is touched again and again in small time then it gets broken. It is now established that it is an important level. If price fails to break on the upside then it will surely retrace to our target price of .7000 on 1st February. Let us see how the things unfold next week.

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UPDATE-4

The price has touched and got rejected from our level of .72229 for the fourth time and got rejected. It seems that the level is holding good. The pair may start its downtrend soon and reach our price target of .7000 by the first week of February.

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UPDATE-5

The price has broken the .72229 level on the upside now downside seems limited if the price stays above this level. let us see how the things unfold.

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UPDATE-6
The price after breaking on the upside took support at our level 0f 0.72229. Now if the pair finds resistance at the confluence of the trendlines then only there is a chance of price reaching near .7000 levels. I expect the CPI data to move the pair in the South direction as the Australian data was negative so I expect this data also to initiate a selloff in the pair.

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UPDATE-7
After the positive data on the CPI, the pair moved to the confluence of the trendlines and got rejected beautifully. The price then took support at our previous level of .72229 and from here I feel that if the price has to reach near .7000 levels then it need to break this level of .72229. otherwise, the pair may be contained in a range from .73000 and .72229 levels. let us see how the things unfold. I am still bearish in the longer term for NZDUSD.

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AUDUSD AND NZDUSD 18 NOV 16

Hello fellow traders, as discussed in 16 Nov 16 blog post about AUDUSD, the pair broke the rising trend line and confirmed a break in daily time frame. At the time of writing the post the pair has already shredded more than 150 pips and is trading at .73387. Expect a pullback here to minimum at .74250 level and enter the trend.
Another beautiful set up has emerged in NZDUSD as the pair has broken the neckline of a head and shoulder pattern. Also it has broken the rising trendline on weekly as we…
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